资本增值

What's more the relations between different asset are classified to three groups which are the fundamental-derivative relation、the cross sectional relation and the comprehensive relation, on basis of which the asset pricing anomalies are classified individually to different groups.(2)The price model of the capital asset is constructed trailing the path of the asset value's incrementing and transferring. And then a three–factor model is established which can be utilized by the empirical researches. Concretely, under the capital chain, we conclude the relation between the stocks and the corporate assets is a fundamental-derivative one and the research object is the capital asset under the capital chain.

具体而言，本文在资产链的角度下分析股票和公司资产之间的"基础—衍生"关系，明确了本文的研究对象为资产链下的资本资产；建立了公司资产的价值，将公司资产和其基础资产公司的财产联系了起来，构造了资产链上第一个节点——公司资产的价值；将公司资产和资本资产进行了关联，在考虑公司资产变为资本资产的流动性增值后，建立了资本资产的价格模型；在前文资本资产价格模型的基础上进行了收益分解，基于此引入了具有长中短不同决策周期的三类投资者，在存在无风险资产和不存在无风险资产两种情况下分别建立了可用于实证的三因素模型。

In the era of knowledge economy, relative to the conventional material capital, intelligence capital is potential invisible assets, which can bring to the increment to the enterprise.

在知识经济时代，智力资本是相对于传统的物质资本而言的，它是一种潜在的能够为企业带来长期价值增值的无形资产。

The author thinks that human resources can maximize its value and function. At the same time, it can speed up the increment of physical capital. He defines it as"motile"and"positive"increment. 5. The author agrees that there is absolute deficiency in Chinese education investment.

四是提出人力资本不但能在其周转循环中实现价值的增值和效用的更大化，而且还能够带动相应的物质资本价值增值的加速，这是一种"能动的"、"主动的"增殖能力。

Monetary resources is gainable, which causes itself expansion, contraction and introduces the capital market gap which effect the monetary resources to increase the capital market bubble burst and make the market expansion and evaporation.

货币资源的可增值性为货币资源的膨胀、萎缩，提供了必要前提，资本市场的虚拟性又为资本市场泡沫和市值的蒸发提供了条件，资本市场上经常出现的缺口，通过进一步影响货币资源，催化资本市场泡沫的增大与破灭，市场的膨胀与蒸发。

The effective way to realize the maximized capital of enterprise is to achieve the synergy effects.

协同效应的获得是企业实现资本增值最大化的有效途径。

In a market that is undergoing remarkable expansion, there is the stage of increasing the economic added value of invested capital while at the same time reinvesting, and mature markets are marked by the generation of a stable cash flow.

在市场正在经历显着扩大，是提高经济的investment资本增值的阶段，而在同一时间进行再投资，与成熟市场是一个稳定的现金流显着。

In a market that is undergoing remarkable expansion, there is the stage of increasing the economic added value of invested capital while at the same time reinvesting, and mature markets are marked by the generation of a stable cash flow.

在市场正在履历明显扩大，是进步经济的investment资本增值的阶段，而在统一时间实行再投资，与老练市场是一个稳固的现金流明显。

Our objective is to achieve long-term sustainable capital appreciation in excess of 20% per annum.

我们的宗旨将达到长期能承受的资本增值超出20%每年？

New Opportunities From Corporate Bonds In recent years, financial markets have become increasingly polarised betwe

年轻投资人士一般从股票的资本增值中获益，因为他们通常是长线投资，不太在意眼前的收益。

The Fund is a non-diversified, closed-end management investment company.

基金的投资目标是实现长期通过在企业中的大量参与了人民共和国的中国公司的股本证券投资资本增值。

Do you know, i need you to come back

你知道吗，我需要你回来

Yang yinshu、Wang xiangsheng、Li decang,The first discovery of haemaphysalis conicinna.

1〕 杨银书，王祥生，李德昌。安徽省首次发现嗜群血蜱。